64 CENTER ST
FREDONIA, NY 14063

Great investment opportunity! This 7 bedroom home has been a student rental for many years - it can be used as a single 7 bedroom home or as a 3 and 4 bedroom duplex by simply closing two doors. There are 4 bedrooms downstairs with a kitchen, full bath, dining room and living room. The upstairs unit has 3 bedrooms, a full bath, kitchen and living room. The mechanical systems and a coin operated washer & dryer are in the basement. A large driveway provides plenty of parking and there is also a two car detached garage as well as a garden shed for lots of storage. Current rents are $2800/student/semester for a yearly gross income of $39,200. Most windows are thermopane, new metal roof in 2016, most of the flooring and carpeting was replaced in 2021, new hot water tank in 2023, a regularly serviced Dunkirk boiler with hot water radiators provides reliable heat. In order to facilitate a quick sale, this property is being listed well under its current income based market value of $255,000! This home is normally fully rented each school year. Currently, there are 6 leases signed for Fall 2023 and 5 for Spring 2024. Don't miss this great deal on a proven money maker!

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